June 8, 2026 – Al Khaber for Accounting And Auditing Services

Madbouly opens industrial expansions in automotive, pharmaceutical, and food sectors

June 8, 2026

Prime Minister Mostafa Madbouly highlighted Egypt’s accelerating industrial development agenda during a tour of major manufacturing facilities in 6th of October City, where he inaugurated new production lines and reviewed expansion projects in the automotive, pharmaceutical, and food industries. The visits underscored the government’s strategy to deepen local manufacturing, attract…

Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm

June 8, 2026

Egypt signed investment, operation, and power purchase agreements worth $420m with Alcazar Energy for the 580-megawatt (MW) Gabal El Zeit wind power plant, the government said on Monday. The agreements, signed in the presence of Prime Minister Mostafa Madbouly, grant Alcazar the rights to invest in, operate, and manage the…

Egypt’s garment exports rise 15% to $1.15bn in first four months of 2026

June 8, 2026

Egypt’s ready-made garments exports increased by 15% during the first four months of 2026, sustaining strong growth momentum amid rising demand from key international markets and ongoing efforts to diversify export destinations. According to the latest report issued by the Apparel Export Council of Egypt (AEC), the sector’s exports reached…

EGX to launch futures contracts on CIB, TMG shares from 18 June

June 8, 2026

The Egyptian Exchange (EGX) announced on Monday the launch of futures contracts on the shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG), with trading set to begin on 18 June. The new contracts will be available with maturities of three and six months and a contract…

Industry Minister explores deeper industrial integration with African nations

June 8, 2026

Egypt’s Minister of Industry, Khaled Hashem, met with Yousrey El-Sharkawi, Chairperson of the Egyptian African Businessmen’s Association (EABA), to discuss ways to strengthen industrial cooperation between Egypt and African countries and promote greater industrial integration across the continent. The meeting was attended by Hussein El Ghazawy, the minister’s advisor for…

Beltone Mortgage partners with Coldwell Banker Egypt to finance ready-to-move homes

June 8, 2026

Beltone Mortgage, a subsidiary of Beltone Holding, has signed a partnership agreement with Coldwell Banker Egypt to provide mortgage financing solutions for ready-to-move residential properties, aiming to simplify the home-buying process and expand access to financing. Under the agreement, homebuyers will be able to secure mortgage financing through Beltone Mortgage…

Alexandria Investors Services Centre delivers post-establishment services to 32,000 companies: GAFI

June 8, 2026

Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), conducted an inspection tour of the Alexandria Investors Services Centre and the Alexandria Public Free Zone to review operational performance and assess progress on development plans aimed at enhancing investor services and improving the business environment. The…

Development plan through 2029/30 balances economic growth with social protection: Rostom

June 8, 2026

Ahmed Rostom, Minister of Planning and Economic Development, said the philosophy underpinning Egypt’s economic and social development plan for fiscal year 2026/27 and the medium-term development strategy through 2029/30 is based on striking a careful balance between investment-driven growth and social protection. He explained that the plan seeks to support…

Egypt readies initiative to incentivise solar panel installations in factories and homes

June 8, 2026

Egypt’s Prime Minister Mostafa Madbouly has ordered the swift finalisation of an initiative offering incentives to encourage the installation of solar panels in factories and homes, aiming to reduce pressure on the national electricity grid and natural gas supplies, the government said on Monday. During a meeting to review the…

ACWA Power plans membrane factory in Egypt as state aims to boost desalination capacity to 10m cubic meters

June 8, 2026

Saudi Arabia’s ACWA Power plans to establish a membrane manufacturing plant in Egypt as the state targets an increase in its daily desalinated water production to 10 million cubic meters from a current 1.8 million cubic meters, the government said on Monday. ACWA Power Chairperson Mohammad Abunayyan announced that the…

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Day: June 8, 2026